Dear Sir or Madams:
I’m writing to ask for your company’s suggestion about Seoul Metropolitan Government’s new project.
Our government is trying to enhance Seoul’s attraction by developing Han River. Han River has endless potential, but until now Seoul has not developed abundant potential. As a plan of Han River developing project, the government is considering a possibility of establishing a hotel on the Han River. Over-water hotel might be able to attract a lot of tourists, so it would contribute to make Han River one of the most attractive places in Seoul. The government is planning to give an opportunity to build and operate over-water hotel to a private company which wishes to participate in the project, but after 20 years, the private company has to transfer proprietary rights to the government. I’d like to hear your opinion as soon as possible.
Regards, Taylor.
Dear Taylor,
Thank you for your e-mail. Our company thinks the Seoul Metropolitan Government made a great decision. Although developing Han River is sufficiently possible by means of modern technology, there weren’t positive efforts to develop Han River until now. With reference to your offer, our company welcomes to have opportunities to build and operate over-water hotel. However, after 20 years, transferring proprietary rights to Seoul City Hall should be considered again. Actually, private company has to invest a lot of money for establishing the hotel at the beginning. In addition, private company has to reinvest to maintain the facilities best condition. If private company has to transfer the proprietary rights after 20 years, they will not reinvest as year goes by and it will make bigger problem. So, our company wishes Seoul City Hall to guarantee continuing proprietary rights to private company.
Best wishes, Andrea
Sunday, October 19, 2008
Negotiating a project
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